First Quarter 2022 Newsletter- The Nevis Trust and Corporate Service Providers (TCSPs) Updated Sectoral Risk Summary(Part 2)

The FSRC – Nevis Branch is pleased to report that the total revenue generated by the Nevis financial services sector in 2021 was $20,439,346.65. This represents an unprecedented increase of 75% over 2020’s revenue of $11,666,513.64.

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First Quarter 2022 Newsletter- The Nevis Trust and Corporate Service Providers (TCSPs) Updated Sectoral Risk Summary(Part 1)

During 2021, a total of 1,839 new entities were incorporated/ registered in 2021. The Table below outlines the differences between incorporations for the years 2021 and 2020. Overall, there has been a 23% increase in the total number of incorporations/ registrations for 2021 when compared to incorporations in 2020. As seen in the Table where the percentage changes are shown, registrations in 2021 increased in all of the product areas.

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